[Congressional Record Volume 148, Number 92 (Wednesday, July 10, 2002)]
[House]
[Page H4433]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 H.R. 3763, CORPORATE AND AUDITING ACCOUNTABILITY, RESPONSIBILITY, AND 
                            TRANSPARENCY ACT

  (Mr. PENCE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PENCE. Mr. Speaker, yesterday the President of the United States 
offered a clarion moral call for corporate responsibility and personal 
accountability, yet we hear our colleagues on the other side of the 
aisle this morning lamenting that the President has spoken words but he 
has done little.
  The gentleman from Ohio (Mr. Brown) just said, tell me what you do, 
and it is a fair question. I would respond to the gentleman that what 
we did in April of this year, with the support of 119 Democrats in this 
institution, was to pass the Corporate and Auditing Accountability, 
Responsibility, and Transparency Act.
  In so doing, we prohibited firms from providing consulting services 
that are doing auditing, we created a new oversight board, plain 
English requirements, criminality for interfering with audits, just to 
name a few. One hundred nineteen Democrats voted for this measure. This 
body has acted.
  As the Democrat leadership yesterday lamented inaction in Washington, 
D.C., they ask us, as Groucho Marx did, Mr. Speaker, ``Who you gonna 
believe, me or your own eyes?''

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